payments
Visa Cuts 2,600 Jobs in AI-Driven Restructuring Push
Visa is eliminating 2,600 positions as it pivots toward AI-driven efficiency and digital asset innovation, reflecting a broader payments industry shift.…
Fintech, banking and infrastructure,
under the hood.
Long-form coverage of cards, IBANs, payment rails, regulation and the technology that moves money — in seven languages, written by working operators.
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payments
Visa to Cut 7% of Its Workforce in CEO-Led Efficiency Drive
Visa plans to eliminate 7% of its global workforce as its chief executive pushes an efficiency agenda amid intensifying digital competition in payments.…
payments
PayPal's Q2 Shows $8.68B Revenue as Stablecoin and AI Bets Gain Traction
PayPal posted $8.68 billion in Q2 revenue and an $81 million crypto earnings adjustment, with stablecoins and AI-powered payments emerging as key strategic pillars.…
regulation
Federal Judge Blocks Minnesota Prediction Market Ban in Win for Polymarket and Kalshi
A federal preliminary injunction halts Minnesota's prediction market prohibition days before enforcement, handing a landmark legal victory to Polymarket and Kalshi.…
blockchain
Storj Labs Files for Chapter 11 as Decentralized Storage Faces Reckoning
Storj Labs, operator of a decentralized cloud storage network, filed voluntary Chapter 11 bankruptcy on July 26, 2026, signaling deep financial stress in the distributed storage sector.…
cryptocurrency
Myanmar Enacts Death Penalty for Scam Labor, Life Terms for Crypto Fraud
Myanmar has approved capital punishment for forced scam labor and life imprisonment for crypto fraud, as UN estimates place regional scam losses at $114 billion in 2025.…
regulation
Federal Judge Halts Minnesota's Prediction Market Ban in Win for Kalshi and Polymarket
A federal judge has temporarily blocked Minnesota's attempt to ban prediction markets, ruling that not every contract on platforms like Kalshi and Polymarket qualifies as a swap under federal law.…
stablecoin
IMF Flags Brazil's Stablecoin Surge as Crypto Flows Eclipse Traditional Capital
The IMF warns that Brazil's stablecoin market, expanding rapidly since 2017, now sees cross-border crypto flows outpacing conventional capital movements.…
neobank
Revolut Lands Full Banking Licence in Australia, Targeting the Big Four
Revolut secures an ADI licence from APRA, launching Revolut Bank Australia with deposit protection, 5.05% savings rates, and credit products for 1M+ users.…
regulation
Federal Judge Blocks Minnesota's Prediction Market Ban Days Before Deadline
A federal court issued a preliminary injunction halting Minnesota's prediction market ban, ruling the Commodity Exchange Act likely preempts the state statute.…
quantum-computing
HKMA Rates Banks 2.3/10 on Quantum Readiness — Bitcoin Has No Score at All
Hong Kong's banking regulator scored its sector just 2.3/10 on quantum preparedness and set a 2030 deadline. Bitcoin faces the same threat with no authority to mandate action.…
cryptocurrency
Apple Faces $1.8M Lawsuit Over Fake Bitcoin Wallet App on App Store
Three users are suing Apple after a counterfeit Sparrow Wallet app on the App Store allegedly drained over $1.8 million in Bitcoin holdings.…